Resumen
Tax issues related to sales of medications to outpatients by pharmacies in nonprofit hospitals are described. Hospitals are increasing their emphasis on development of ambulatory-care programs. Two aspects of the tax implications of such services are (1) whether revenue from sales of medications to ambulatory patients constitutes 'unrelated business income' for the nonprofit hospital and thus is taxable and (2) whether engaging in dispensing of medications to ambulatory patients might jeopardize the tax-exempt status of the hospital. Various rulings from the Internal Revenue Service and court cases are reviewed. Sales of medications to members of the general public who are unrelated to the hospital are taxable. Sales of medications for the convenience of hospital patients, and irregular and intermittent sales to the public by a pharmacy that normally serves only 'patients', are tax exempt. Sales of medications to the public probably do not jeopardize the tax-exempt status of a hospital so long as the primary purpose of the hospital is consistent with permissible tax-exempt purposes.
| Idioma original | English |
|---|---|
| Páginas (desde-hasta) | 346-359 |
| Número de páginas | 14 |
| Publicación | American Journal of Hospital Pharmacy |
| Volumen | 42 |
| N.º | 2 |
| DOI | |
| Estado | Published - 1985 |
ASJC Scopus subject areas
- Leadership and Management
- Pharmaceutical Science
Huella
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